Affordability data visualization
| This article is contributed by: QuantMinds |
Summary:
QuantMinds needs a facinating way to manipulate data – visualization!
Read the rest of this entry »One of most important take aways that I learned in North America is that how critical the data visualization is in business. A good analysis backed with solid data and rigorous quantminds has to be accompanied with an outstanding data visualization, which is a bridge to communicate with those who are not a data guru. This is particularly addressed in US, which I think, may results from the facts that too-much-bullshits are out of mouth from politicians. When I was a student in school, the most easy-understanding data is from US government (e.g., USDA), and in State, there are always someone obsessed to present data in alternative ways, sometimes it really gives you a little bit insights from opposite. The chart below, the Affordability Index of US residential property, comes courtesy of the New Observations on Real Estate, Mortgages & Life blog. The Index is computed by factoring in home prices, mortgage rates and income. Don’t you wanna buy a property after viewing this dramatic picture? Just remember, the rate hiking is coming soon…
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very good
Late last week, President Barack Obama announced that he would be appointing a gentleman named Edward Tufte to the independent panel that advises the Recovery Accountability and Transparency Board. Among fans, Tufte is known as “the Da Vinci of Data.” After receiving a B.A. and M.S. in statistics from Stanford and a Ph.D. in political science from Yale, the Beverly Hills native launched his academic career by signing on to teach courses in political economy and data analysis at Princeton’s Woodrow Wilson School of International Affairs. Over time, he became increasingly interested in information design–charts, graphs, diagrams–and in 1982 he took out a second mortgage on his home in order to self-publish his first book on the subject, The Visual Display of Quantitative Information. It redefined the field and was later named one of Amazon.com’s 100 Best Books of the Century.